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Four themes driving 2023: Iggo

CHLOE WALKER  |  TUESDAY, 24 JAN 2023
Inflation, bonds, China, and the energy transition are at the top of AXA IM chief investment officer Chris Iggo's list of themes that will shape 2023. Providing an outlook for the year ahead, Iggo said: "The economics profession did not prove to be ...

Perpetual, Pendal finalise merger

CASSANDRA BALDINI  |  MONDAY, 23 JAN 2023
... Today's ASX announcement did not mention the appointment of Pendal Group non-executive director Ben Heap who was also due to start on Perpetual's board. At the end of last year Heap withdrew from the Pendal Group board following ASIC proceeding ...

Praemium takes 53% hit to inflows

CASSANDRA BALDINI  |  MONDAY, 23 JAN 2023
Praemium has reported a $1.02 billion hit to its net inflows for the half year to December 31, down 53% from the same time last year. Praemium chief executive Anthony Wamsteker said: "Investor sentiment has been very subdued in the wake of three successive ...

QIC appoints strategy, implementation lead

ELIZABETH FRY  |  FRIDAY, 20 JAN 2023
Andrew Whittaker has stepped into the new role of investment director of strategy and implementation within QIC State Investments. Whittaker was promoted from senior portfolio manager - multi assets. He has worked at QIC for 15 years, starting as a ...

Australians are unprepared for retirement: Fidelity

ANDREW MCKEAN  |  FRIDAY, 20 JAN 2023
... at 62.5 years of age; they'd like to fully retire at 64.8 years of age, the report said. However, in reality, Australians start reducing work commitments at 61.4 years of age and fully retire at 63.4 years of age. Commenting on the gap between retirement ...

Spaceship reduces headcount, reorganises executive team

JAMIE WILLIAMSON  |  THURSDAY, 19 JAN 2023
Spaceship is cutting costs, informing staff it will reduce the size of its team, while also restructuring its leadership. The superannuation and investment startup made the announcement on Tuesday, saying it expects four members of the team to leave ...

Australia likely to avoid recession: Oliver

CHLOE WALKER  |  THURSDAY, 19 JAN 2023
... In addition, Oliver said that a rebound in Chinese growth is likely to support export volumes and prices. "After a rough start to the year due to the surge in Covid cases with reopening, Chinese growth is expected to rebound to around 6% this year thanks ...

From strength to strength: GQG Partners

ANDREW MCKEAN  |  WEDNESDAY, 18 JAN 2023
... Abernethy said. "The net inflows we've seen are a reflection of our performance in delivering returns to clients since the start of our business in June 2016." Despite recent dips in GQG's share price, Abernethy highlighted the robust fundamentals ...

We're doing a huge amount: Aware Super

CASSANDRA BALDINI  |  WEDNESDAY, 18 JAN 2023
Aware Super chief executive Deanne Stewart says the fund is making a significant investment in its financial advice capabilities, regardless of what comes out of the Quality of Advice Review. Speaking to Financial Standard, Stewart pointed out that ...

Future looking bright for advice: Survey

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
A new study from Dimensional Fund Advisors suggests the local advice industry is turning the corner, with high-performing firms in Australia and New Zealand reporting higher average revenue growth. Now in its 10th year, Dimensional's study looked at ...